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Texas Instruments will receive up to $1.6 billion in direct funding from the United States Commerce Department to facilitate construction.
Texas Instruments will receive up to $1.6 billion in direct funding from the U.S. Commerce Department to support the construction of three new domestic manufacturing facilities. This funding is part of an agreement signed under the CHIPS and Science Act.
In addition to the direct funding, Texas Instruments expects to secure between $6 billion and $8 billion in investment tax credits from the U.S. Treasury Department. These credits will further bolster the company’s expansion efforts.
The $1.6 billion in funding will support three manufacturing facilities currently under construction in Texas and Utah. The expansion plans include creating over 2,000 new jobs across these facilities.
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Safe Superintelligence (SSI), co-founded by former OpenAI chief scientist Ilya Sutskever, has successfully raised $1 billion
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